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Form construction loan 2026

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This document is a model Construction Loan Agreement for Fannie Mae transactions, outlining the terms and conditions between a borrower and lender for financing construction projects. It details the responsibilities of both parties, including loan disbursement procedures, compliance with legal regulations, contractor agreements, and conditions for default. The agreement emphasizes the borrower's obligations to ensure proper completion of work and adherence to all applicable laws while clarifying that the lender has no liability for the construction process.

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Click ‘Get Form’ to open the construction loan agreement in the editor.
Begin by filling in the date and your name as the Borrower, along with the Lender's details. Ensure all names are accurate for legal purposes.
In Section 1, specify the principal amount of the loan and check the applicable box regarding the purpose of the loan—whether it's for purchasing property or paying off liens.
Complete Section 2 by entering your Contractor's information and ensuring that you have a written Construction Contract detailing costs and timelines.
Make sure to obtain all necessary permits as outlined in Section 2.1.2, and keep copies ready for submission.
Review Sections on disbursement requests carefully, ensuring you understand what documentation is needed for each request before submitting it.

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Versions	Form popularity	Fillable & printable
2021	4.9 Satisfied (29 Votes)
2001	4.2 Satisfied (68 Votes)

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